The United States is supposed to be the apex of capitalism – the best example of capitalism on the planet. And yet we are faced with headlines like this one:
If capitalism is such a great system, how can it be delivering results that are this terrible? Example:
Nearly 51 million households don’t earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That’s 43% of households in the United States.
Why is this happening? Because, under the rules of capitalism, there are things like “unemployment” and “low wages” and “bad jobs”:
Many of these folks are the nation’s child care workers, home health aides, office assistants and store clerks, who work low-paying jobs and have little savings, the study noted. Some 66% of jobs in the US pay less than $20 an hour.